KNCT
Invesco Next Gen Connectivity ETF
The Invesco Dynamic Networking Portfolio tracks a quantitatively driven index that selects 30 US networking companies it believes will outperform, weighting them in tiers.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
28.7 M
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 23, 2005 |
| Assets (mns) | $29 |
| Expense ratio | 40 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| BROADCOM INC. | 8.0 % |
| APPLE INC | 7.9 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 7.9 % |
| CISCO SYSTEMS INC | 4.4 % |
| AT&T INC | 4.4 % |
| VERIZON COMMUNICATIONS INC | 4.2 % |
| QUALCOMM INC | 3.6 % |
| SAMSUNG ELECTRONICS CO LTD | 2.9 % |
| T-MOBILE US, INC. | 2.8 % |
| PALO ALTO NETWORKS INC | 2.6 % |
Constituent Breakdown
| Number of holdings | 95 |
| Herfindahl-Hirschman Index | 339 |
| Wgt avg mkt cap (mns) | $471,057 |
| Large cap (>$10bn) | 96.6% |
| Mid cap ($2-10bn) | 3.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 84.9% |
| Emerging mkts. | 15.1% |
Country Exposure
 |
UNITED STATES | 68.7 % |
 |
TAIWAN | 8.9 % |
 |
SOUTH KOREA | 3.9 % |
 |
JAPAN | 3.5 % |
 |
IRELAND | 3.2 % |
 |
GERMANY | 1.9 % |
 |
INDIA | 1.7 % |
 |
CHINA | 1.5 % |
 |
BRITAIN | 0.8 % |
 |
ISRAEL | 0.8 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 1.1% | 15.1% | 20.5% | 5.9% | 13.9% | 11.2% | -- | 10.4% |
| Dividend Yield | -5.5% | -13.9% | -5.4% | -1.8% | 1.6% | 0.4% | -- | 0.5% |
| Total Returns | -4.5% | 1.2% | 15.0% | 4.1% | 15.5% | 11.5% | -- | 10.9% | Ann. Volatility | 21.1% | 18.8% | 17.8% | 22.9% | 26.0% | 22.5% | -- | 24.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.88 | 71% |
| MSCI EAFE | 0.62 | 33% |
| MSCI Emg Mkts | 0.36 | 12% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.31% |
| ADV of underlying (mns) | $38,627 |
Technical Indicators
| Recent close | $96.00 |
| 30d moving avg. | $100.66 |
| Annualized volatility | 18.9% |
| Relative strength (RSI) | 44 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 4.7% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. KNCT |
Expenses vs. KNCT |
ALTAR Score™ vs. KNCT |
|---|---|---|---|---|
| FIVG | Defiance Next Gen Connectivity ETF | 35.4% | -10 bp | +0.7% |
| SIXG | Defiance Connective Technologies ETF | 33.3% | -10 bp | -0.4% |
| XLK | Technology Select Sector SPDR Fund | 30.7% | -32 bp | +0.4% |
| TRFK | Pacer Data and Digital Revolution ETF | 30.7% | +20 bp | -1.1% |
| IXN | iShares Global Tech ETF | 30.7% | +1 bp | -0.4% |
| XPND | First Trust Expanded Technology ETF | 30.0% | +25 bp | -0.7% |
| NXTG | First Trust Indxx NextG ETF | 29.6% | +30 bp | +0.7% |
| IGM | iShares Expanded Tech Sector ETF | 27.3% | +1 bp | -0.3% |
| TDIV | First Trust NASDAQ Technology Dividend Index Fund | 26.8% | +10 bp | +1.7% |
| FTEC | Fidelity MSCI Information Technology Index ETF | 26.6% | -32 bp | -0.2% |
Risk and Returns: KNCT vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2024 | 2025E | Fwd Est | 2026E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/17/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
KNCT
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
KNCT
5.4%
Cat. Avg
6.2%
ALTAR Score™ Calculation
Category Overview
There are 960 funds in the US Equity category, with an average ALTAR Score™
of 6.2% and a standard deviation of
3.0%. KNCT's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places KNCT in the 39th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
KNCTSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| KNCT (40 bp) Percentile rank | 42 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| KNCT | 40.0 | 30.9 | 70.9 |
| Peer Avg. | 43.7 | 16.2 | 59.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .